| Product Code: ETC5234786 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of torque wrenches to Grenada continue to show strong growth, with a steady CAGR of 5.88% from 2020 to 2024. In 2024, the top exporting countries to Grenada are the USA, UK, Germany, Panama, and China, indicating a diverse source of imports. Despite this diversity, the Herfindahl-Hirschman Index (HHI) remained at a high concentration level, suggesting some level of market dominance by key players. The impressive growth rate of 7.21% from 2023 to 2024 signals a robust demand for torque wrenches in Grenada.
1 Executive Summary  | 
2 Introduction  | 
2.1 Key Highlights of the Report  | 
2.2 Report Description  | 
2.3 Market Scope & Segmentation  | 
2.4 Research Methodology  | 
2.5 Assumptions  | 
3 Grenada Torque Wrench Market Overview  | 
3.1 Grenada Country Macro Economic Indicators  | 
3.2 Grenada Torque Wrench Market Revenues & Volume, 2021 & 2031F  | 
3.3 Grenada Torque Wrench Market - Industry Life Cycle  | 
3.4 Grenada Torque Wrench Market - Porter's Five Forces  | 
3.5 Grenada Torque Wrench Market Revenues & Volume Share, By Product Type, 2021 & 2031F  | 
3.6 Grenada Torque Wrench Market Revenues & Volume Share, By Applications, 2021 & 2031F  | 
4 Grenada Torque Wrench Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Increasing demand for precision tools in automotive and manufacturing industries  | 
4.2.2 Growing adoption of torque wrenches in maintenance and repair applications  | 
4.2.3 Technological advancements leading to the development of more accurate and efficient torque wrenches  | 
4.3 Market Restraints  | 
4.3.1 High initial cost of torque wrenches limiting widespread adoption  | 
4.3.2 Limited awareness and education about the benefits of using torque wrenches  | 
4.3.3 Competition from alternative methods of fastening and tightening bolts  | 
5 Grenada Torque Wrench Market Trends  | 
6 Grenada Torque Wrench Market Segmentations  | 
6.1 Grenada Torque Wrench Market, By Product Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Grenada Torque Wrench Market Revenues & Volume, By Manual Torque Wrench, 2021-2031F  | 
6.1.3 Grenada Torque Wrench Market Revenues & Volume, By Pneumatic Torque Wrench, 2021-2031F  | 
6.1.4 Grenada Torque Wrench Market Revenues & Volume, By Electronic Torque Wrench, 2021-2031F  | 
6.2 Grenada Torque Wrench Market, By Applications  | 
6.2.1 Overview and Analysis  | 
6.2.2 Grenada Torque Wrench Market Revenues & Volume, By Automotive, 2021-2031F  | 
6.2.3 Grenada Torque Wrench Market Revenues & Volume, By Engineering & Machinery Manufacturing, 2021-2031F  | 
6.2.4 Grenada Torque Wrench Market Revenues & Volume, By Construction, 2021-2031F  | 
6.2.5 Grenada Torque Wrench Market Revenues & Volume, By Shipping & Aerospace, 2021-2031F  | 
6.2.6 Grenada Torque Wrench Market Revenues & Volume, By Other, 2021-2031F  | 
7 Grenada Torque Wrench Market Import-Export Trade Statistics  | 
7.1 Grenada Torque Wrench Market Export to Major Countries  | 
7.2 Grenada Torque Wrench Market Imports from Major Countries  | 
8 Grenada Torque Wrench Market Key Performance Indicators  | 
8.1 Percentage increase in the number of automotive and manufacturing companies using torque wrenches  | 
8.2 Rate of adoption of digital torque wrenches compared to traditional models  | 
8.3 Number of training programs conducted to educate users on the proper use and benefits of torque wrenches  | 
9 Grenada Torque Wrench Market - Opportunity Assessment  | 
9.1 Grenada Torque Wrench Market Opportunity Assessment, By Product Type, 2021 & 2031F  | 
9.2 Grenada Torque Wrench Market Opportunity Assessment, By Applications, 2021 & 2031F  | 
10 Grenada Torque Wrench Market - Competitive Landscape  | 
10.1 Grenada Torque Wrench Market Revenue Share, By Companies, 2024  | 
10.2 Grenada Torque Wrench Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |